The Fair Share Report
71 Alder Ave
Wayne, NJ 07470
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $770,999 – $1,142,171, from 12 comparable Wayne sales in the past 18 months, at this home's 3,093 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $930,415 home should be assessed near $333,275.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,625 above what the ratio math suggests (4.4%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
19%51%
Paying about right
This home's ratio lands inside Wayne's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 153 CHOPIN DR | 2025-04 | $999,000 | 3,321 | 38.6% |
| 15 COLONA RD | 2025-08 | $1,525,000 | 3,164 | 24.1% |
| 1360 HAMBURG TPKE | 2025-07 | $520,000 | 2,755 | 31.3% |
| 1360 HAMBURG TPKE | 2026-03 | $685,000 | 2,748 | 25.2% |
| 40 IVY PLACE | 2025-01 | $939,900 | 3,518 | 46.8% |
| 33 GATES PLACE | 2025-10 | $1,135,000 | 3,045 | 34.2% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
| 106 PANCAKE HOLLOW DR | 2025-10 | $1,130,000 | 3,612 | 38.8% |
| 50 ATHERTON CT | 2025-01 | $1,050,000 | 2,995 | 33.6% |
| 1360 HAMBURG TPKE | 2025-05 | $440,000 | 2,600 | 35.6% |
| 53 PONDS CIRCLE | 2026-02 | $625,000 | 2,521 | 38.1% |
| 67 WESTVIEW RD | 2025-12 | $915,000 | 3,476 | 41.0% |
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